Estonian state-owned flag carrier Nordica transported 61,000 passengers in October, marking a 67% increase YoY. The flag carrier also retained the largest market share of airlines with flights departing from Tallinn at 27%, according to a company press release. Nordica operated a total of 1,146 flights in October, with 98% of all planned flights taking…
Northeastern Estonia-based shale oil producer Viru Keemia Grupp (VKG) lost in court in an oil shale dispute against state-owned energy group Eesti Energia and the Estonian Competition Authority. Tallinn Administrative Court decided not to satisfy a claim filed by VKG AS and VKG Oil AS regarding the termination of a supervision proceeding. The Estonian Competition…
Annual consumption of alcohol in Estonia declined to 9.9 liters of absolute alcohol per adult resident in 2016, it appears from an annual review presented at a conference of the National Institute for Health Development (NIHD). According to the same data, published in the yearbook titled “Alcohol Market, Consumption and Harms in Estonia 2017,” 11.1…
Estonia retained its position as 12th among 190 countries in the latest edition of the World Bank’s Doing Business rankings published on October 31. “As Minister of Finance, I am pleased to see that the World Bank has deemed Estonia to deserve 14th place in ease of paying taxes – this is definitely recognition for…
The Estonian state-subsidized Elron, which operates passenger rail service across Estonia, is increasing ticket prices for its electric and diesel trains by 3% to 5% on average. The new prices will take effect on December 10. “Beginning on December 10, the procedure for calculating infrastructure fees will change,” explained Elron sales and development manager Ronnie…
The city of Tartu, Estonia’s second largest, is set to place bonds worth EUR 13.5 million with LHV and Nordic Investment Bank (NIB) to raise money for its 2017 financing needs. LHV pension funds are buying bonds for EUR 5.5 million and NIB for EUR 8 million, Tartu city government announced. The funds raised will…
Hiiumaa’s ferry connection to the Estonian mainland was interrupted on October 30 after the ferry Leiger breaking down in port not only prevented it from departing for the island, but prevented the Tiiu from docking in Rohukula as well. The Tiiu departed Heltermaa, the port serving Estonia’s second-largest island, on schedule, but was unable to…